Finance Minister Nirmala Sitharaman News

India committed to fighting money laundering, terror financing: FM Sitharaman

India committed to fighting money laundering, terror financing: FM Sitharaman

New Delhi: Finance minister Nirmala Sitharaman on Friday, April 22, reaffirmed India’s commitment to fighting money laundering and terrorist financing and appreciated the Financial Action Task Force’s (FATF) work in safeguarding the global financial system. Speaking at the Paris-based intergovernmental institution’s meeting, Sitharaman said India was committed to providing the

E-Bill system will end ‘rent seeking’ in govt contracts: FM Sitharaman

E-Bill system will end ‘rent seeking’ in govt contracts: FM Sitharaman

NEW DELHI: Finance Minister Nirmala Sitharaman on Wednesday, March 3, said the new electronic bill (e-bill) processing system would stop any possible “rent-seeking” of government department contractors or suppliers in arrears. Speaking at the 46th Civil Accounts Day, Sitharaman said this will ensure end-to-end digitisation and make the payment process

Govt pushing to get LIC IPO across the line by March: FM Sitharaman

Govt pushing to get LIC IPO across the line by March: FM Sitharaman

The government is pushing to get the initial public offering of state-backed Life Insurance Corp. of India across the line by next March and any delay won’t be due to a lack of political will, according to Finance Minister Nirmala Sitharaman. “We are pushing to have it done,” Sitharaman said

FM leaves for week-long visit to US to attend G-20, World Bank meetings

FM leaves for week-long visit to US to attend G-20, World Bank meetings

Finance Minister Nirmala Sitharaman has embarked on a week-long US trip to attend the annual meet of the World Bank and IMF as well as G20 Finance Ministers and Central Bank Governors (FMCBG) meeting. “Union Finance Minister Smt. @nsitharaman will be attending the Annual Meetings of @IMFNews & @WorldBank, G20

FM Sitharaman to address media today, bad bank announcement likely

FM Sitharaman to address media today, bad bank announcement likely

Finance Minister Nirmala Sitharaman will be addressing the media on Thursday at 5 pm in New Delhi and is expected to reveal the announcements related to the bad bank proposal. The Union Cabinet on Wednesday has likely cleared a proposal to provide government guarantee to security receipts issued by the